ASPIS BANK S.A. Aspis Bank S.A. announces the following: In the context of the stock option plan introduced for its executives pursuant to the resolution of the Extraordinary Meeting of the Shareholders of Aspis Bank of the 4 September 2002 and pursuant to the decision of the Board of Directors of the Bank dated 7 December 2005, on 27 December, 2005 Aspis Bank issued 183.643 new ordinary registered shares resulting to the capital increase of aggregate amount of 539.910,42 euro according to Extraordinary Annual General Meeting of 4 September, 2002 and the decision of the Board of Directors of the Bank dated 7 December, 2005, the exercise price of the stock options was set at 2,94 euro. The above share capital increase does not constitute an amendment of the articles of assosiation of Aspis Bank. Payment of the amount of the above share capital increase confirmed by the Board of Directors of the Athens Exchange on 26 January, 2006. The above 183.643 new ordinary registered shares will commerce trading on the Athens Exchange on 1 February, 2006, and on the same date will be credited in the beneficiary's accounts with the Dematerialized Securities System (D.S.S.). The opening market price at the date of commencement of trading, i.e. on the 1 February, 2006, will be set according the Athens Exchange Regulation. For further information please contact the Shareholders Department Mrs. Anna Geli, tel. 30210-9986150.